DOJ settles with RealPage over its software’s alleged rent price fixing

The Department of Justice has announced a settlement with RealPage, the widely used rent-setting software that it accused of engaging in collusion to drive up rent prices by sharing previously private information from competing landlords. The settlement puts limits on RealPage’s ability to collect and use that data, and blocks it from being used to set rents.Last year, the DOJ and several other states filed an antitrust lawsuit against RealPage, claiming that the company’s rent-setting software combines data from competing landlords to provide daily rental price suggestions. “As...